OneFamily Updates Super LTV Lifetime Mortgage

OneFamily is updating its Super LTV Lifetime Mortgage offering by increasing its Lending Ratio (LTV) by 0.5% and adding 2% cashback.

In addition, the fixed interest rate will be reduced so that the monthly equivalent rate (MER) will rise to 6.09%.

Paul Bridgwater, Head of Lending at OneFamily, said, “We have made a number of changes to our Super LTV Lifetime Mortgage that we believe will make this an attractive product for customers.

“We now offer one of the highest LTVs on the market which, along with our cashback feature, means customers can get more value out of their homes while still being protected by our no-equity guarantee.

“As always, we continue to provide our advisors with all the product information and support they need through our online lifelong mortgage knowledge hub or our helpline, which has direct access to our underwriters.”

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